Most of the Longwood campus will be redeveloped, leaving two existing medical office buildings to continue offering important services such as cardiology, pulmonology, rehabilitation, general surgery, infectious disease, and urology.
The price equated to $151,102 a unit.
Millennium Management intends to demolish the assisted living facility and neighboring apartments to completely redevelop the site with 276 assisted living beds.
The nonprofit university’s UHealth first announced plans to build a medical center within the 184-acre development in 2019, but the challenges of the Covid-19 pandemic delayed the project.
An unnamed REIT purchased the property for $18.6 million.